Ohio Schools To Begin Hedge Fund Consultant Search In Spring

Mar 17 2011 | 1:15pm ET

The Ohio School Employees Retirement System will launch its search for a hedge fund consultant in the spring, the public pension said.

The $10.3 billion system earlier this month extended the contract of current consultant Aksia through the end of the year. That arrangement was to expire in August of last year, but SERS has extended it, saying it did not want to run two consultant searches simultaneously.

But the pension is nearing the end of its general consultant search, which began in November; a choice is expected at the end of April. That means that the hedge fund consultant search can get under way later this spring, Pensions & Investments reports.

Aksia will be permitted to bid to stay on; the new search is mandated by pension rules that call for contracts to be put up for bidding every five years.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…